AICPA Submits Comment Letter to The Appraisal Foundation on its ‘Valuation of Customer-Related Assets’ Exposure Draft 

Published March 13, 2014

The AICPA’s Forensic and Valuation Services Executive Committee submitted a comment letter to The Appraisal Foundation on the second exposure draft of Valuation of Customer Related Assets on February 28. The exposure draft offers guidance for those that are preparing fair value measurements of customer-related assets.

A copy of the letter is available online.

If you are interested in discussing the letter or would like to schedule an interview, please contact James Schiavone at 212-596-6119 or


About the AICPA Forensic and Valuation Services Section

The Forensic and Valuation Services (FVS) Section is a membership section within the AICPA that represents CPAs that provide financial forensic accounting and business valuation services, with more than 8,000 members. FVS Section members represent many areas of practice, including: bankruptcy, insolvency and reorganization; dispute advisory services; economic damages calculations and due diligence; electronic data analysis, employee stock ownership plans; estate and gift; fair value; family law; financial statement misrepresentation; fraud prevention, detection and response; and valuation.
The FVS Section develops and grades the Certified in Financial Forensics (CFF) and Accredited in Business Valuation (ABV) Examinations and offers the CFF and ABV specialty credentials for CPAs who concentrate on financial forensic accounting and business valuation. In 2007, the AICPA issued valuation standards, Statement on Standards for Valuation Services No. 1: Valuation of a Business, Business Ownership Interest, Security, or Intangible Asset.


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